United Natural Foods, Inc. (NASDAQ:UNFI) SVP Joseph J. Traficanti sold 4,950 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $51.34, for a total value of $254,133.00. Following the sale, the senior vice president now owns 5,080 shares in the company, valued at approximately $260,807.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
United Natural Foods, Inc. (NASDAQ:UNFI) traded up $0.68 during trading hours on Friday, hitting $47.42. The stock had a trading volume of 550,864 shares, compared to its average volume of 1,070,000. The company has a market cap of $2,390.00, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 2.81 and a beta of 1.46. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.25. United Natural Foods, Inc. has a 1 year low of $29.53 and a 1 year high of $52.69.
United Natural Foods (NASDAQ:UNFI) last released its earnings results on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the company posted $0.58 EPS. analysts expect that United Natural Foods, Inc. will post 2.74 EPS for the current fiscal year.
United Natural Foods announced that its Board of Directors has authorized a stock repurchase program on Friday, October 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
A number of research firms recently weighed in on UNFI. Jefferies Group reissued a “hold” rating and set a $49.00 target price on shares of United Natural Foods in a report on Monday. Susquehanna Bancshares set a $51.00 target price on United Natural Foods and gave the stock a “hold” rating in a report on Thursday. Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating in a report on Monday. Barclays reissued a “sell” rating and set a $32.00 target price on shares of United Natural Foods in a report on Thursday, September 28th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $36.00 price objective (up from $34.00) on shares of United Natural Foods in a report on Wednesday, September 20th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $44.00.
Several hedge funds have recently made changes to their positions in the stock. CS Mckee LP lifted its position in shares of United Natural Foods by 0.4% during the 2nd quarter. CS Mckee LP now owns 24,700 shares of the company’s stock worth $906,000 after buying an additional 100 shares during the last quarter. Amalgamated Bank raised its position in United Natural Foods by 2.8% in the second quarter. Amalgamated Bank now owns 7,179 shares of the company’s stock valued at $263,000 after purchasing an additional 196 shares during the last quarter. Suntrust Banks Inc. raised its position in United Natural Foods by 2.5% in the second quarter. Suntrust Banks Inc. now owns 8,628 shares of the company’s stock valued at $316,000 after purchasing an additional 214 shares during the last quarter. Arizona State Retirement System raised its position in United Natural Foods by 1.4% in the second quarter. Arizona State Retirement System now owns 21,300 shares of the company’s stock valued at $782,000 after purchasing an additional 300 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in United Natural Foods by 4.3% in the second quarter. Thrivent Financial For Lutherans now owns 10,010 shares of the company’s stock valued at $367,000 after purchasing an additional 410 shares during the last quarter.
About United Natural Foods
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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